Royal Bank of Canada reaffirmed their outperform rating on shares of ASOS (LON:ASC) in a research report sent to investors on Monday. Royal Bank of Canada currently has a GBX 7,400 ($100.35) target price on the stock.

A number of other analysts have also issued reports on the stock. Shore Capital restated a buy rating on shares of ASOS in a research report on Thursday, November 2nd. Barclays restated an overweight rating on shares of ASOS in a research report on Wednesday, October 18th. Peel Hunt restated a buy rating and set a GBX 7,000 ($94.93) target price on shares of ASOS in a research report on Friday, September 15th. Deutsche Bank restated a hold rating and set a GBX 5,800 ($78.65) target price on shares of ASOS in a research report on Friday, December 8th. Finally, Credit Suisse Group raised their target price on shares of ASOS from GBX 5,600 ($75.94) to GBX 5,725 ($77.64) and gave the stock a neutral rating in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 6,354.47 ($86.17).

Shares of ASOS (ASC) traded up GBX 27.13 ($0.37) during midday trading on Monday, reaching GBX 6,847.13 ($92.86). 195,768 shares of the company were exchanged, compared to its average volume of 229,176. ASOS has a 1 year low of GBX 58.29 ($0.79) and a 1 year high of GBX 6,970 ($94.52). The firm has a market capitalization of $5,730.00 and a price-to-earnings ratio of 9,009.38.

In related news, insider Nicholas Robertson sold 150,000 shares of ASOS stock in a transaction on Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($76.78), for a total transaction of £8,493,000 ($11,517,493.90). Also, insider Helen Jane Ashton sold 6,081 shares of ASOS stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($77.08), for a total transaction of £345,644.04 ($468,733.44).

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About ASOS

Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on ASOS.com. The Company’s segments include UK, US, EU and RoW. It sells over 85,000 branded and own-label products through localized mobile and Web experiences, delivering from its fulfilment centers in the United Kingdom, the United States, Europe and across the world.

Analyst Recommendations for ASOS (LON:ASC)

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